6 ways to freshen up your finances

first_imgThis spring, clean up your credit score and pay off that holiday debt once and for all.by. Holly PerezSpring has arrived, and so has the inevitable seasonal cleaning duties. In addition to packing away the winter clothes, washing windows and cleaning out the fridge, spring is the perfect time to evaluate your financial situation and tidy up your budget, bank accounts, debts and investments. Here are six ways to spruce up your finances:1. Refresh your budget. If you’ve been promoted, transitioned from two incomes to one or are starting a family, this is the perfect time to revisit your household budget. Consider using online personal finance tools to help you set a budget and keep track of your accounts. You’ll see where your money is going and can adjust spending where needed to help you attain your financial goals.2. Pay off holiday debt once and for all. Clear up your credit lines, and pay off the purchases you made over the holiday season. Put yourself on a stricter debt payoff plan specifically to pay off the debt you accumulated over the holidays. Cleaning up this debt quickly will put you in a much better financial position for the rest of the year. It’s easy to fall back in to debt, so put a plan in place while you’re at it to maintain a zero balance.3. De-clutter your countertops and go paperless. A good way to cut down on clutter is to opt for electronic bill payments. It decreases the amount of print mail and can even help prevent identity theft. Secure your online bill payment with strong passwords that you change on a regular basis. Signing up for a vendor’s online automatic pay system (helpful for fixed-payment bills such as cable and Internet) allows you to set up payments as “recurring” so the bills are automatically paid. This can help you avoid forgetting to pay a bill, and it keeps countertops paper-free. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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